Newlat already operates four dairy plants, including this one near Milan.
Italian food producer Newlat has completed the acquisition of a former Heinz baby food plant in Ozzano Taro, Parma.
The deal includes a co-pack arrangement for Newlat to manufacture infant milks and nutrition products including the Kraft Heinz-owned Plasmon, Nipiol, Aproten, Dieterba and Bi-Aglut brands, which Kraft Heinz will continue to sell.
The acqusition will push Newlat’s annual revenues beyond €400m – an increase of roughly 25% – Italian media were reporting earlier this month. Newlat’s owner, the Italian-Swiss entrepreneur Angelo Mastrolia, committed to keeping employment at the plant at current levels and said that around €10m would be invested over the next few years.
Newlat had previously bought a pasta and bread substitutes factory from Nestlé, a milk and dairy products factory from former parent company Parmalat, and the dairy business Centrale del Latte di Salerno – all based inside Italy.
The company was advised during this latest transaction by London-based Withers.
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